The "report card" of the four major state-owned banks in the first quarter of 2022 was released.
Banks further increased their credit supply to support the real economy, and the year-on-year increase of loans from many banks hit a record high.
first look at the operating results of major banks in the first quarter of this year:
1. Industrial And Commercial Bank Of China Limited(601398) : operating income was 249.47 billion yuan, with a year-on-year increase of 6.52%; The net profit attributable to the parent company was 90.63 billion yuan, a year-on-year increase of 5.72%. Annualized net interest rate 2.1%
2, China Construction Bank Corporation(601939) : operating income was RMB 232.23 billion, with a year-on-year increase of 7.25%; The net profit attributable to the parent company was 88.74 billion yuan, a year-on-year increase of 6.77%. Annualized net interest rate 2.15%
3. Agricultural Bank Of China Limited(601288) : operating income was 205.95 billion yuan, with a year-on-year increase of 5.91%; The net profit attributable to the parent company was 70.75 billion yuan, a year-on-year increase of 7.42%. The annualized net interest rate is 2.09%.
4. Bank Of China Limited(601988) : operating income was 161.12 billion yuan, an increase of 2.07% year-on-year; The net profit attributable to the parent company was 57.75 billion yuan, a year-on-year increase of 6.97%. The annualized net interest rate is 1.74%.
many large banks' loans increased year-on-year to a record high
In the first quarter of this year, in the face of the triple pressure of the economy, the four major banks gave play to the "head goose" effect and further increased the credit supply to the real economy. The year-on-year increase of loans of many banks reached a record high.
ICBC said that in the first quarter, the bank increased its financing to the real economy, and the loan increased by about 250 billion yuan year-on-year, with an increase of a record high. Among them, RMB loans of domestic branches increased by 926305 billion yuan, an increase of 4.89%.
From the perspective of loan structure, the loan balance in the field of high and new technology exceeded 1.1 trillion yuan, an increase of more than 8% over the beginning of the year. In terms of the revitalization of the service industry, credit was increased in areas such as the improvement of the competitiveness of the manufacturing industry and the reconstruction of the industrial foundation. The balance of manufacturing loans was nearly 2.5 trillion yuan, an increase of about 310 billion yuan over the beginning of the year, and the growth rate was 2.8 times the average growth rate of various loans.
China Construction Bank Corporation(601939) the total amount of loans and advances issued in the first quarter increased by 939147 billion yuan or 4.99% over the end of the previous year. As of the end of March, the balance of manufacturing loans was 1.93 trillion yuan, an increase of 235.6 billion yuan over the beginning of the year, an increase of 13.94%, an increase of 180.5 billion yuan over the same period last year; The balance of medium and long-term loans in the manufacturing industry was 755.4 billion yuan, an increase of 83.6 billion yuan over the beginning of the year, an increase of 12.45%. By the end of March, the balance of infrastructure loans was 5.39 trillion yuan, an increase of 304.8 billion yuan over the beginning of the year, an increase of 6.00%; Among them, the balance of loans for new infrastructure construction was 104.5 billion yuan, serving 1147 new infrastructure customers.
The loan balance of ABC in the first quarter increased by 976.7 billion yuan, a record high in the same period. Among them, the county loan reached a new high, with a loan balance of 6.66 trillion yuan, an increase of 438.2 billion yuan, with a growth rate of 7.1%, 1.4 percentage points higher than the average growth rate of bank wide loans.
Focusing on the construction of modern industrial system, the loan growth rates of strategic emerging industries, manufacturing, high-tech manufacturing and core industries of digital economy were 14.6%, 13.6%, 24.3% and 23% respectively, which were higher than the average growth rate of loans across the bank. The loan balance of science and innovation enterprises was 650 billion yuan, with a new increase of 76.7 billion yuan, with a growth rate of 13.3%, 7.6 percentage points higher than that of the whole bank. The loan balance of specialized and new "little giant" enterprises was 25.44 billion yuan, an increase of 5.79 billion yuan, with a growth rate of 29.5%. We responded positively and appropriately advanced the deployment of investment in infrastructure construction. Loans in the field of infrastructure increased by 147.22 billion yuan, with a growth rate of 5.1%.
BOC's domestic RMB loans increased by more than 600 billion yuan in the first quarter, with a year-on-year increase, reaching a record high in the same period. Among them, the balance of inclusive financial loans exceeded trillion yuan, adding 131.4 billion yuan, an increase of 14.91%; Loans to strategic emerging industries increased by 138.9 billion yuan, an increase of 27%. The balance of domestic green loans was nearly 1.6 trillion yuan (cbcirc caliber), and the growth rate was significantly higher than the overall growth rate of bank wide loans.
It is worth noting that in addition to the significant growth of new loans, the deposit advantages of large state-owned banks have been further improved. At the end of the first quarter, the customer deposit balance of ABC was 23.5 trillion yuan, an increase of 1.6 trillion yuan, reaching a new high, of which the individual deposit increased by 994.6 billion yuan.
ICBC's customer deposits in the first quarter increased by 1.53 trillion yuan over the beginning of the year, with an increase of 5.79%. The deposit increment was in the lead in the market and reached the best level in the same period over the years. Among them, thanks to the significant increase in the net increase in customer deposits, deposits from banks and other financial institutions, the net cash flow generated by ICBC's operating activities in the first quarter was nearly 1.21 trillion yuan, a year-on-year increase of 97%.
defect rate remains stable
from the perspective of risk resistance, in the first quarter of this year, the non-performing ratio of the four major banks remained stable, the provision coverage of non-performing loans was further improved, and the capital adequacy ratio remained at a reasonable restructuring level
ICBC said that it adhered to "active prevention, intelligent control and comprehensive management" and carried out differentiated and accurate risk management through intelligent risk control; Continue to strengthen the tracking, research and judgment of external situation and risk changes, and strengthen the market risk control in currency, foreign exchange, bonds, stocks, commodities and other fields. At the end of the first quarter, the balance of non-performing loans was 306887 billion yuan, an increase of 13.458 billion yuan over the end of the previous year; The non-performing loan ratio was 1.42%, unchanged from the end of the previous year.
CCB continuously strengthened the control of credit risk, market risk, network technology and data and other new risks, and the asset quality remained stable. At the end of the first quarter, non-performing loans amounted to 276552 billion yuan, an increase of 10.481 billion yuan over the end of the previous year; The non-performing loan ratio was 1.40%, down 0.02 percentage points from the end of the previous year.
Agricultural Bank of China (ABC) strengthened the management of credit risk management, compacted the responsibility of loan management, and did a good job in accurately resolving credit risks in key areas. We will respond to changes in the market environment in a stable manner, systematically investigate self operated and customer agency market businesses, implement asset penetration management, and strictly control risk exposure. At the end of the first quarter, the balance of non-performing loans was 254449 billion yuan, an increase of 8.667 billion yuan over the end of the previous year; The non-performing loan ratio was 1.41%, down 0.02 percentage points from the end of the previous year.
BOC has established and improved a multi-level early warning system, accelerated the construction of intelligent risk control center, improved its ability to predict all kinds of risks, and steadily responded to global business risks. At the end of the first quarter, the total amount of non-performing loans was 215762 billion yuan, with a non-performing loan ratio of 1.31%, down 0.02 percentage points from the end of the previous year.
four major banks have further improved their provision coverage
it is worth noting that the provision coverage of the four major banks further increased in the first quarter of this year after a significant increase in the provision coverage last year
The provision coverage rate of ICBC was 209.91%, up 4.07 percentage points. The provision coverage rate of CCB was 246.36%, an increase of 6.40 percentage points over the end of the previous year. The provision coverage rate of BOC was 187.54%, an increase of 0.49 percentage points over the end of the previous year.
The provision coverage rate of ABC at the end of the first quarter exceeded 300%, reaching 307.50%, an increase of 7.77 percentage points over the end of the previous year.
The executive meeting of the State Council held not long ago proposed to encourage large banks with high provision level to reduce the provision rate in an orderly manner. Although the provision coverage rate of the four major banks was further improved in the first quarter of this year, the provision coverage rate of the four major banks may decline in order to further increase credit supply.
Zeng Gang, deputy director of the national finance and development laboratory, recently told the Chinese reporter of the securities times securities firm that the provision coverage rate is a commonly used counter cyclical adjustment index for banks. When the economy is good, banks generally improve the provision coverage, that is, they "deposit" part of their profits first. When the economy goes down and non-performing loans increase, banks will moderately reduce the provision coverage and release some profits, which will not only help banks stabilize the overall profitability, but also improve the bank's capital accumulation ability and reduce the credit cost, so as to improve the bank's ability to make profits to the real economy.
